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About the Book

This volume throws important new light upon a pivotal period of transition in the Anglo-American relationship and sets the stage for its equally dramatic transformation during and after the Second World War.

Based upon extensive research in previously unpublished archival material on both sides of the Atlantic, for the first time this book offers a detailed and comprehensive analysis of the war debt problem from its origins at the end of the First World War until its final removal with the launch of Roosevelt's Lend-Lease programme in 1940-41.

This work will be of great interest to diplomats and journalists, as well as to students and scholars of political, diplomatic, economic and international history.

Table of Contents

1. Britain, America and the Ambivalence of the ‘Special Relationship’ 2. Origins of the Inter-Allied War Debt Problem 3. Britain and the Inter-Allied War Debt Settlements 4. Economic Depression and Revival of the Debt Question 5. The British ‘Bombshell’, July-November 1932 6. ‘To Pay or Not to Pay, That is the Question’, December 1932 7. The Presidential Interregnum, December 1932-March 1933 8. Counting on Roosevelt, March-July 1933 9. Drifting towards Default, August 1933-June 1934 10. Epilogue, 1934-1941

About the Series

Social change impacts not just upon voting behaviour and party identity but also the formulation of policy. But how do social changes and political developments interact? Which shapes which? Reflecting a belief that social and political structures cannot be understood either in isolation from each other or from the historical processes which form them, this series will examine the forces that have shaped British society. Cross- disciplinary approaches will be encouraged. In the process, the series will aim to make a contribution to existing fields, such as politics, sociology and media studies, as well as opening out new and hitherto-neglected fields.